Barclays economists Jack Meaning and Abbas Khan point out that the soft trend of the UK economy's failure to expand in July may draw the attention of the Bank of England policymakers, which could reinforce confidence that their decision to initiate an easing cycle in August was correct, and further rate cuts may be needed in the coming months. However, economists stated in a report that the flat economic growth in July is not enough to force the Bank of England to cut interest rates by 25 basis points at this month's meeting. They added that the economic growth in the third quarter of 2024 may still remain positive, but slower than the high levels in the first half of this year. Barclays' quarterly forecast for the UK economy in the third quarter is 0.4%, the same as the Bank of England's forecast.